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Intellectuals & Academics » Economists » MAURICE ALLAIS

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Full name : Maurice Allais
Alias : Maurice Allais
Gender : Men
Country : France
Birthday : 31-05-1911
Address : Paris
Animals : The Pig
Zodiac : Gemini
Died : 09-10-2010
Father :
Mother :
Siblings :
Wife :
Children :
Education : École Polytechnique University of Toronto Mississauga Mines ParisTech Lycée Lakanal University of Paris
Position :
Activists : Economists

Maurice Felix Charles Allais was a French economist and a proud recipient of Nobel Memorial Prize in Economics. He was conferred this honor for his commendable contribution to the theory of markets and efficient utilization of resources. He was the first French citizen to receive the Nobel Prize. Allais showed that his insights could be applied efficiently to set prices for state owned monopolies of which France had many. Allais didn’t get credit as early as his English contemporaries did as he primarily wrote in English and not French. As said by Paul Samuelson, a noted economist, “Had Allais’ work been in English, a generation of economic theory would have taken a different course”. Allais also helped resolve issues regarding monetarism, which is the quantity theory of money and the utility theory. Besides his avid interest in economics, Maurice Allais had a great interest for physics and he performed experiments in gravitation, special relativity, and electromagnetism and discovered the Allais effect.

 

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